Subscriber Warrants definition
Examples of Subscriber Warrants in a sentence
In addition, upon Closing the Company will pay a commission of four percent (4%) of the gross proceeds raised from the Offering in the form of Warrants to the Agent, with the same terms and conditions as the Subscriber Warrants.
The Warrant Agreement will be substantially similar to the warrant agreement dated January 28, 2021, between the Company and Continental, expect with respect to the exercise price and that the Subscriber Warrants will be non-redeemable.
Additionally, in connection with any such issuance of Ratchet Shares, the Company shall promptly cause to be issued and delivered to each Subscriber, Warrants to purchase such number of shares of Common Stock equal to 50% of the number of any Ratchet Shares issued to such Subscriber.
Each Subscriber is hereby subscribing for the number of Warrants indicated on the signature page hereto by the caption, "Number of Warrants Being Subscribed" (the "SUBSCRIBER'S WARRANTS"), which Subscriber Warrants will be issued to the Subscriber, or his affiliates or designees.
Each Subscriber is hereby subscribing for the number of Warrants indicated on the signature page hereto by the caption, “Number of Warrants Being Subscribed” (the “Subscriber’s Warrants”) which Subscriber Warrants will be issued to the Subscriber, or his affiliates or designees.
The Company has all corporate power and authority to enter into this Agreement, the Subscription Agreements, the Common Stock, Subscriber Warrants, Escrow Agreement and Placement Agent Warrants and to carry out the provisions and conditions hereof and thereof and to issue, sell and deliver the Securities.
Subscriber understands that the Preferred Stock is and the Subscriber Warrants and the Conversion Shares will be, characterized as "restricted securities" under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws and applicable regulations such securities may not be transferred or resold without registration under the Act or pursuant to an exemption therefrom.
Upon the terms and subject to the conditions of this Agreement, Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the closing date as defined below in section 1.3, the number of Warrants indicated on the signature page hereto by the caption, “Number of Warrants Being Subscribed” (the “Subscriber's Warrants”) which Subscriber Warrants will be issued to the Subscriber, or its affiliates or designees.
Pursuant to Section 3(d)of the Agreement, upon the closing, the Company will issue the Agent’s Warrants, Subscriber Warrants and the Agent’s Shares.
To keep available out of its authorized and designated Common Stock, solely for the purpose of issuance upon the exercise conversion of the Placement Agent Warrants , the Common Stock and the Subscriber Warrants, such number of shares of Common Stock, as shall then be issuable upon the exercise of all outstanding Common Stock, Placement Agent Warrants and Subscriber Warrants.